Business Insurance

Login  |  Register Subscribe



cbVid =

Sarah Veysey

Holiday storms in U.K. result in $702M in insured losses: ABI

January 28, 2014 - 9:56am


Storms and flooding in the United Kingdom over the recent holiday period will cost insurers about £426 million ($702.2 million), the London-based Association of British Insurers said Tuesday.

Storms between Dec. 28 and Jan. 8 resulted in 174,000 claims from businesses, homeowners and auto owners, the ABI said.

In a statement, Aiden Kerr, assistant director and head of property at the ABI, said insurers and loss adjusters had acted quickly to help policyholders affected by flooding cope during the Christmas period.

 



Get our weekly Broker & Insurer newsletter
  •